Re: San Gold, Sage Gold to acquire Canada Lithium claims
in response to
by
posted on
Aug 09, 2010 05:51PM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
Go to Canada Lithium on Sedar and check out the Feb 21, 2008 43101. Peter George and Geoex did the report. Coincidence? Management obviously has a plan and I think it prudent to stick around to see it play out.
"Drilling completed to date on the Property has provided sufficient data for the Author to complete an initial interpretation of the geometry of the vein system in plan and sectional views.
The Author concludes that the data density and the reliability of the drilling database is sufficient to complete an estimate of the indicated and inferred resources on the Property and as well, to make an estimate of the overall geological potential of the Property.
In the Author’s opinion, the geological setting of the Property is sufficiently well defined to conclude that there is a valid comparison to be made between the Property and the mines that occur in the Bell Creek-Hoyle Pond trend of the Timmins gold camp.
The Author concludes that the in-situ grade potential of the Property will ultimately be in the range from 8 to 10 grams gold per tonne, based upon (1) a comparison of the assay database to the Dome Mine (Rogers 1982), (2) the average grades of mines in the Bell Creek-Hoyle Pond trend, and (3) the results of the initial resource estimate that has been completed for the Property.
The Author concludes that the work completed to date on the Property has demonstrated the presence of a significant gold resource that warrants an underground exploration and development program with the objective to confirm the geometry and continuity of the vein structures and to confirm sufficient measured and indicated mineral resources to warrant completion of a feasibility study."